An investor in distressed properties is marketing its fourth liquidating trust securitization of primarily troubled commercial real estate assets.

Värde Partners, a Dallas-based firm with over $12 billion in existing or previously distressed acquisitions, has pooled 201 of commercial, vacant land and residential properties in the $348.2 million VSD 2017-PLT1 asset-backed transaction. Most of the performing, non-performing or real-estate owned (REO) loans were acquired from financial institutions, and are secured by income-producing commercial properties such as office, retail and multi-family that are owned by Värde’s “scratch and dent” sponsoring affiliate. The majority are first-lien.

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